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Broadcom says it will sell billion in AI parts and custom chips this year

Broadcom says it will sell $12 billion in AI parts and custom chips this year

Technology News

Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Broadcom reported third fiscal quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 5% in extended trading. Here’s how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter ending Aug. 4: Earnings per share: $1.24, adjusted versus […]

Broadcom says it will sell $12 billion in AI parts and custom chips this year Read More »

AI gadgets have been a bust so far. Apple aims to change that

AI gadgets have been a bust so far. Apple aims to change that

Technology News

Jaque Silva | SOPA Images | Lightrocket | Getty Images In late 2022, OpenAI’s launch of ChatGPT spurred an explosion of interest in the possibilities for artificial intelligence. Within months, some of the biggest tech companies in the world, including Microsoft, Meta and Google, joined the party, launching their own AI chatbots and generative AI

AI gadgets have been a bust so far. Apple aims to change that Read More »

Nvidia says it didn’t receive antitrust subpoena from DOJ

Nvidia says it didn’t receive antitrust subpoena from DOJ

Technology News

Nvidia’s headquarters in Silicon Valley. Andrej Sokolow | Picture Alliance | Getty Images Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy to answer

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NFL’s next big media rights payday is years off — and subject to a shifting industry

NFL’s next big media rights payday is years off — and subject to a shifting industry

Business News

A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in Jacksonville, Fl.  David Rosenblum | Icon Sportswire | Getty Images In 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July, the National Basketball Association

NFL’s next big media rights payday is years off — and subject to a shifting industry Read More »

Nvidia slides further in post-market trading after plunge that wiped out almost 0 billion in market cap

Nvidia slides further in post-market trading after plunge that wiped out almost $300 billion in market cap

Technology News

Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024.  I-hwa Cheng | AFP | Getty Images Nvidia shares fell 2% in extended trading after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation. The slide comes after Nvidia dropped nearly

Nvidia slides further in post-market trading after plunge that wiped out almost $300 billion in market cap Read More »

Huawei looks to upstage Apple with product launch just hours after expected iPhone 16 unveiling

Huawei looks to upstage Apple with product launch just hours after expected iPhone 16 unveiling

Finance News

The Huawei flagship store and the Apple flagship store are seen at Nanjing Road Pedestrian Street in Shanghai, China, September 2, 2024.  Cfoto | Future Publishing | Getty Images Huawei said Monday it plans to hold a product launch event this month just hours after Apple‘s annual iPhone reveal as the Chinese technology giant looks

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Hotels are racing to replace key cards with digital options like Apple, Google wallets

Hotels are racing to replace key cards with digital options like Apple, Google wallets

Finance News

Many hotel chains are racing to replace the plastic room key with digital options, including Apple Wallet and Google Wallet apps. Plastic hotel key cards have had a rough few years. During the pandemic, touch was taboo, so touchless trends accelerated. And cybersecurity concerns have mounted around hotel key technology. Earlier this year, researchers found a vulnerability in

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The sneaky way Big Tech is acquiring AI unicorns without buying the companies

The sneaky way Big Tech is acquiring AI unicorns without buying the companies

Finance News

Microsoft, Google and Amazon along with other tech companies have been getting creative in how they’re poaching talent from top artificial intelligence startups. Earlier this month, Google signed an unusual deal with Character.ai to hire away its prominent founder and more than one-fifth of its workforce while also licensing its technology. It looked like an acquisition, but

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